By Glenn A. Brown, DMD, MBA on September 10, 2009
Whether or not your business bankruptcy will affect you personally depends on the type of bankruptcy you file.
If you file chapter 7, the shareholders of your corporation (including you) could lose your stock values if the stock shares are liquidated with the corporation assets.
If you choose to file chapter 13 bankruptcy, the shares of the [...]
Posted in Bankruptcy, Business Bankruptcy, FAQ | Tagged businsess bankruptcy, chapter 11, chapter 13, chapter 7, debt reorganization
By Glenn A. Brown, DMD, MBA on August 6, 2009
Although bankruptcy is not the right solution for every consumer or business owner, it may be for you. If you’re suffering from severe financial hardship, are unable to pay your bills or trying to prevent foreclosure on your home, you may find this debt relief option very beneficial for your situati0n.
Here are 3 [...]
Posted in Articles, Bankruptcy, Featured | Tagged chapter 11, chapter 13, chapter 7, file bankruptcy
By Glenn A. Brown, DMD, MBA on February 23, 2009
If you’re considering declaring bankruptcy, we realize this is not an easy decision for you to make. However, you are not alone in making that decision. If you’re like many other business owners (small and large), staying on top of your business debts and keeping your doors open has proven to be a struggle in this [...]
Posted in Articles, Business Bankruptcy | Tagged Business Bankruptcy, chapter 11, chapter 7, financial trouble
By Glenn A. Brown, DMD, MBA on January 26, 2009
Deciding to file for chapter 7 bankruptcy relief is not an easy decision to make; however, it could give you an opportunity to rebuild and manage your finances more effectively. You can take simple steps to reduce the likelihood that you will not need to file for bankruptcy again.
1. Keep Your Credit Cards Below [...]
Posted in Blog | Tagged chapter 7, life after bankruptcy
By Glenn A. Brown, DMD, MBA on December 16, 2008
In late 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was enacted into law. Among other things, this act requires a “means test” to see if debtors qualify for Chapter 7 bankruptcy relief. The means test examines your monthly income and expenses and compares them to the median income in and around [...]
Posted in Blog | Tagged Bankruptcy, chapter 7, means test
By Glenn A. Brown, DMD, MBA on December 10, 2008
Deciding whether bankruptcy is the best choice for your personal situation, is not an easy decision to make. Individuals seek bankruptcy relief for a number of reasons. As you consider filing for bankruptcy, ask yourself the following questions:
Are you receiving threatening notices from your creditors?
Are you on the verge of foreclosure?
Have you lost a [...]
Posted in Featured | Tagged Bankruptcy, chapter 11, chapter 13, chapter 7
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